Life Science Markets Poised for Outsized Growth

Want to be part of the continued life science boom? Check out our job board for west coast CRE opportunities in that space.

Life Science Expansion and What That Means for Commercial Real Estate

The Connect article sites the below major takeaways from the CBRE report:

“– Employment in U.S. life sciences has risen by 23.5% since 2001, outpacing the overall job-growth rate of 10.2% – Lab-space vacancy rates are tight in primary life-sciences markets, registering at less than 2% in Chicago, 4% in the Bay Area and less than 5% in Boston -Rent growth is robust, including a 50% increase in Boston’s Cambridge submarket since 2013 – Venture capital investment in the U.S. life-sciences industry now is 53% greater than 10 years ago”

Clearly life science and biotech is a hot market, and we are excited to see the economic benefits of the space needs and research results of theindustry.

Read the full article here: U.S. Life Sciences Markets Poised for Outsized Growth

Originally published on Connect on January 22, 2018 from research published by CBRE

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